How’s the Charlottesville Condo Market? | 2016 2nd Quarter Review

Charlottesville Condos
2016 Second Quarter Review

60 Charlottesville Condos Sold for $11,425,625 in the Second Quarter of 2016
Lowest Sale: $53,000 | Highest Sale: $1,198,000

  • Total Condo Units Sold: 60
  • Average Sales Price: $190,427
  • Median Sales Price: $150,000
  • Average List to Sales Price: 96.8%
  • Average Days on Market: 66

The Charlottesville condo market had an increase in sales in the 2nd quarter of 2016. A total of 60 condos sold in the 2nd quarter of 2016 compared to 34 condos in the 1st quarter of 2016.

Charlottesville Condo Sales by Price Range - Q2 2016

88.3% of Charlottesville condo sales in the second quarter of 2016 took place in the below $300,000 price range. 3 foreclosures and 1 short sale sold this quarter. Distressed property sales made up 6.7% of the condo market in the 2nd quarter of 2016.

Charlottesville Condos Absorption Trend - Q2 2016

The Charlottesville condo market is in a seller’s market.

View Recent Condo Market Reports Here:
Charlottesville Condos | 2015 First Quarter Review
Charlottesville Condos | 2014 Fourth Quarter Review

Looking to buy or sell a Charlottesville condo? We Can Help!

SELLING: It’s important that you hire a Charlottesville Condo Specialist who knows the market. If you are thinking about selling your condominium in Charlottesville and you would like to know the value in today’s market, you can find out at What’s My Charlottesville Condo Worth or give us a call at 434.882.1055 to schedule a FREE comparative market analysis customized to your home selling needs.

BUYING: If you are interested in buying a condominium in Charlottesville, let us guide you through the buying process. Contact us at 434.882.1055 to discuss your home search criteria. We’ll set up a custom search based on your real estate needs and email you all Charlottesville MLS listings that meet your search criteria as they come on the market. Start your home search now by viewing condos for sale in Charlottesville below:

Featured Condo Listings in Charlottesville

Click Here to View Condo Listings in Charlottesville:
Condos For Sale in Charlottesville
Condos For Sale in Albemarle County

This report examines condo sales in Charlottesville and Albemarle County.

 Sales information is courtesy of the Charlottesville Area Association of Realtors MLS.
Information deemed reliable but is not guaranteed.

For more information on condominiums for sale in Charlottesville Virginia, please call Allegra Williams, Realtor with Keller Williams Realty at 434.882.1055. Contact me today to get your Charlottesville condo on the market or find your dream home in Charlottesville!

Leave a Comment

Your email address will not be published.